14th Jan 2013 13:00
14 January 2013
UMC Energy PLC
("UMC Energy" or the "Company")
Corporate update
The board of directors of UMC Energy (the "Board") announces that, following a consultation exercise initiated by the Board, the Company intends to seek the admission of its securities to trading on the Hong Kong Stock Exchange. The Company's securities will continue to be admitted to trading on the AIM Market of the London Stock Exchange. The process of selecting an appropriate sponsor firm in Hong Kong is ongoing.
In addition, the Company has initiated proceedings to change its country of domicile from the United Kingdom to the Cayman Islands.
Shareholders will be advised of developments in due course.
- ENDS -
Enquiries:
UMC Energy Plc Chrisilios Kyriakou, Chairman
| +44(0) 20 7290 3102 |
Strand Hanson Limited Angela Hallett / James Spinney
| +44 (0) 20 7409 3494 |
HD Capital Partners LLP Philip Haydn-Slater / Paul Dudley
| +44 (0) 20 3551 4870
|
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UEP.L